The general health of the population of a country improves as its medical suppor
ID: 1236006 • Letter: T
Question
The general health of the population of a country improves as its medical support system improves. Which of the following is a likely outcome of this?Answer Marginal product of labor will increase. Value of marginal product of labor will fall. The equilibrium wage rate will decline. There will be excess supply of labor in the market. Marginal product of labor will increase. Value of marginal product of labor will fall. The equilibrium wage rate will decline. There will be excess supply of labor in the market. Marginal product of labor will increase. Value of marginal product of labor will fall. The equilibrium wage rate will decline. There will be excess supply of labor in the market.Explanation / Answer
Value of marginal product of labor will fall.
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